Torqx Capital Partners enters into a partnership and invests in Descroes, a leading Belgian specialist in fumigation, disinfection and other good treatment services
Torqx Capital Partners (“Torqx”) is pleased to announce that it has acquired a majority stake in Descroes BVBA (“Descroes” or “the Company”) in partnership with current owner Maxim Van Hoorebeeck, who will continue to be a significant shareholder of the company. Descroes is a leading Belgian provider of fumigation services for in- and outgoing cargo in ports. Other activities include heat treatment, bio treatments, gas measurements, and specialist pest control services. The Company serves a diverse set of customers including terminal operators, traders, forwarders and good owners. Descroes’ high-quality services ensure an expedient logistics process compliant with strict worldwide trade policies and mitigate economic and reputational risk from cargo infestation.
Maxim Van Hoorebeeck, current owner of Descroes: “Since our foundation more than 80 years ago, we have built Descroes based on a customer-focused approach with a high-quality service and an impeccable track record. Today, we are a leading fumigator in a number of niche sea cargo segments in Belgium and see exciting growth opportunities in adjacent segments and countries. I am excited to join forces with Torqx and look forward to drawing on the firm’s expertise as we seek to accelerate growth and professionalize the organization.”
Cedric De Dycker, Partner of Torqx, comments: “We are impressed by the entrepreneurship and passion of Maxim, which has led to the Company’s impressive growth trajectory during the last years. Descroes has built up a solid market position, based on the quality and dedication of its employees, its competitive service offering, excellent track record and relentless focus on building strategic partnerships with customers and stakeholders. Descroes will benefit from our expertise and experience in scaling up to accelerating growth. We are highly enthusiastic about our partnership with Maxim and look forward to supporting the Company in its next phase of development.”
Laurent Blumberg, Investment Director of Torqx: “Our investment in Descroes represents a compelling opportunity to partner with Maxim to establish an industry leader whose performance will be complemented by our flexible capital base and operational focus. Together we will further professionalize the Company, set ambitious growth targets and pursue add-on acquisitions. This investment therefore illustrates our continued commitment to identifying and partnering with owners of leading businesses that would benefit from our ability to drive substantial growth and improve performance.”
Descroes is a leading Belgian provider of fumigation, heat treatment, bio treatments, gas measurement and pest control services related to in- and outgoing cargo in ports. The Company is headquartered in Antwerp and covers all relevant ports of Belgium. The Company was founded over 80 years ago by the grandfather of Maxim Van Hoorebeeck, who took over the Company from his father in 2017 and set Descroes on a path of new strategic focus and accelerated growth. Descroes is known for its customer-focused approach, strong dedication of its personnel, ability to deliver and excellent track-record. For more information please visit: www.descroes.be.